Same stuff, different month

Texas manufacturing still has a case of the Mondays. And it’s Tuesday.

My favorite Dallas Fedeconomist has put out another poopy survey of Texas manufacturing. But it’s not her fault. Manufacturers don’t have a lot to be optimistic about.

However, the May survey did have a few more bright spots than surveys past.

For example, the survey of 108 business executives found that the overall company outlook improved along with feelings about the general business conditions. The index of general business conditions is negative but it’s the highest it’s been since October.

The capital expenditures index is also on the rise as executives feel pretty good about the need to grow.

The sad part is that the cost of producing and selling goods is on the way up. SIGH.